Evening wrap-up: today's late breaking business stories

Top stories from around the web.

Berkshire Hathaway, the $262bn conglomerate controlled by Warren Buffett, will pay $2bn to acquire the remaining 20 per cent outside stake in the Israel-based International Metalworking Cos.

The purchase comes ahead of Berkshire’s annual meeting in Omaha on Saturday, a grand festival of capitalism attended by tens of thousands of shareholders who will gather to hear Mr Buffett’s thoughts on his company, investing and the economy

Goldman Sachs is facing sharp criticism over profits it is expected to earn for arranging a $3bn bond deal for a Malaysian government fund ahead of Sunday’s national elections.

In March, a Malaysian government-controlled fund called 1MDB raised capital in a deal that involved Goldman buying $3bn of bonds for $2.71bn, roughly 90 per cent of their face value, according to documents obtained by the Financial Times.